InZinc Reports Initial 2022 Drill Results and Extension of Mineralization at Indy, BC
InZinc Reports Initial 2022 Drill Results and
Extension of Mineralization at Indy, BC
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2022) -
InZinc Mining Ltd. (TSXV: IZN)
("InZinc" or the "Company") is pleased to report initial results from the 2022 drill program at the Indy zinc
and precious metals exploration project (100% option) ("
Indy
" or the "
Project
") located 100 kilometres
(km) southeast of Prince George in central British Columbia. Drill hole IB22-025 successfully tested the
southern extension of near surface high grade mineralization discovered at the B-9 target in the
Company's inaugural drill program in 2018. Additional 2022 drill results from the B-9 target and the new
northern targets (Keel and Echo Central) at Indy are pending, depending on lab turnaround (Figure 1).
B-9 Drilling (Figures 2 and 3)
Five holes were drilled at the B-9 target in 2022 (699 m), across and extending the area where near
surface, high grade mineralization (12.33% Zn, 3.0% Pb, 24.5 g/t Ag / 6.3 m) was discovered in 2018.
Approximately 400 m of the 900 m long target has been explored by shallow, wide spaced drilling. The
900 m long B-9 target is the southern portion of the 1.8 km long Anomaly B target. Four additional 2022
holes at B-9 are pending results.
Hole IB22-025 Highlights (Figure 3 and Table 1)
Two separate, shallow mineralized zones (77 m to 93 m vertically below surface), intersected:
2.8% Zn, 0.6% Pb, 3.8 g/t Ag / 3.0 m, and
3.5% Zn, 0.6% Pb, 6.4 g/t Ag / 3.6 m
B-9 target mineralization extended 50 m to depth and up to 100 m to the south
Consistent with mineralized geology seen 50 m and 100 m to the north in 2018 drilling
Mineralization remains open for expansion south and at depth
Additional holes pending results
Fox East Drilling (Figure 1)
Four holes (IB22-012 to 015 totalling 564 m) were completed across the 500 m length at the Fox East
silver target in 2022. These holes returned anomalous silver results but no significant economic
mineralization. Fox East is located approximately 6 km north of the B-9 target.
Adjacent Tenure Renewed by Global Producer
In late 2021, a Canadian subsidiary of
South32
(ASX, LSE, JSE) acquired by staking 20,300 ha (203
km
2
) of mineral claims adjoining and on trend to the northwest of Indy. These claims were recently
renewed. South32 is a globally diversified mining and metals company producing bauxite, alumina,
aluminium, copper, silver, lead, zinc, nickel, metallurgical coal and manganese from operations in
Australia, Southern Africa and South America.
Figure 1:
Indy Project - 2022 Targets and Drill Results - Plan Map
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/6480/148137_71e1dc6c14fe5a20_001bfull.jpg
Figure 2:
Indy Project - 2022 B-9 Target - Drill Hole Plan Map
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/6480/148137_71e1dc6c14fe5a20_003full.jpg
Figure 3:
Indy Project - Drill Hole IB22-025 - Vertical Cross Section (view Northwest)
To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/6480/148137_71e1dc6c14fe5a20_004full.jpg
Table 1:
Indy Project - 2022 Drill Hole Intersections - B-9 Target
Drill Hole
From
To
Interval
Zinc
Lead
Silver
Zn+Pb
Depth Below
Surface
(m)
(HQ)
(m)
(m)
(m)
(%)
(%)
(g/t)
(%)
IB22-025
110.00
110.80
0.80
4.14
0.87
5.05
5.01
77
116.00
122.15
6.15
1.50
0.32
2.09
1.82
80
includes
116.00
119.00
3.00
2.77
0.61
3.78
3.37
134.25
137.80
3.55
3.53
0.61
6.41
4.14
93
includes
135.25
137.51
2.26
5.24
0.92
9.56
6.16
or
136.00
137.00
1.00
6.52
1.45
14.35
7.97
Note: True widths are within 80-90% of core interval.
About InZinc
InZinc is an active explorer and through earn-in, equity and royalty interests is exposed to a diverse
portfolio of active North American base metals and precious metals projects. Since the 2018 discovery
of high grade, near surface mineralization at the Indy project (100% earn-in), InZinc has outlined over 10
km of high quality exploration base and precious metals targets and has expanded its mineral tenure to
200 km
2
in a new and unexplored mineral region of central British Columbia, Canada. In late 2021, a
Canadian subsidiary of South32 (ASX, LSE, JSE) became a major tenure holder in the belt by staking
approximately 200 km
2
of adjacent claims. InZinc has a significant equity investment in American West
Metals (ASX) which is advancing multiple North American base metals projects. In addition, InZinc has a
production royalty and will receive 50% of the revenue (NSR) from the sale of indium mined from
American West's West Desert project.
InZinc Mining Ltd.
Wayne Hubert
____________
Chief Executive Officer
Phone: 604.687.7211
Website:
www.inzincmining.com
For further information contact :
Joyce Musial
Vice President, Corporate Affairs
Phone: 604.317.2728
Email:
Qualified Person
Brian McGrath, B.Sc., P.Geo. a Qualified Person as defined in National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
, has
approved the technical content of this news release.
Quality Assurance/Quality Control
Drill core was collected from the drill site and delivered to the Indy Camp by InZinc staff. The core was logged, sample intervals were outlined and
photographic records were collected. Core samples were split using a diamond saw or manually chipped at the camp with one-half of the core
submitted for assay and the remainder stored in wooden core boxes. The core was bagged in individually marked plastic sample bags and
shipments were compiled in labelled rice bags. Core shipments were delivered by InZinc contract geologists to Bandstra Transportation Systems
Ltd. in Prince George, B.C. for furtherance to MSA Labs in Langley, B.C., Canada for analysis. Samples were prepared by MSA and analyzed by
ICP- AES multi-element and select AAS-Fire Assay. In addition to the labs QA/QC procedures, InZinc inserted blind standards, blanks or field
duplicates every tenth sample. The results from the QA/QC samples were within industry norms.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the
meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements.
Forward-looking information includes, but are not limited to, statements that address activities, events or developments that the Company expects or
anticipates will or may occur in the future, including such things as the successful completion of American West's Initial Public Offering on the
Australian Securities Exchange. Although the Company believes that such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate",
"intend", "estimate", "plan", "design", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company
cautions investors that any forward-looking statements by the Company are not guarantees of future results, performance, or actions and that
actual results and actions may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to,
those risks and uncertainties disclosed in the Company's Management's Discussion and Analysis for the year ended December 31, 2021 and for the
nine months ended September 30, 2022 filed with certain securities commissions in Canada and other information released by the Company and filed
with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via
www.sedar.com
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/148137